Acquisitions2 Apr 2025, 11:21 pm
Endurance Technologies Subsidiary Completes € 37.74 Million Acquisition of 60% Stake in German Target Companies
AI Summary
Endurance Technologies Ltd. has announced that its subsidiary, Endurance Overseas SpA (EOSpA), has completed the acquisition of 60% stake in Stoéferle GmbH and Stoferle Automotive GmbH, Germany. The acquisition, valued at € 37.74 million, was completed following the receipt of the final approval from Antitrust authorities. The Target companies have now become direct subsidiaries of EOSpA and step down subsidiaries of Endurance Technologies Ltd.
Key Highlights
- Endurance Technologies' subsidiary, Endurance Overseas SpA, has completed the acquisition of 60% stake in two German companies, Stoéferle GmbH and Stoferle Automotive GmbH.
- The acquisition is valued at € 37.74 million.
- The acquisition was completed following the receipt of final approval from Antitrust authorities.
- The Target companies have now become direct subsidiaries of Endurance Overseas SpA and step down subsidiaries of Endurance Technologies Ltd.